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VSE Sees Robust Near-Term Fundamentals, RBC Capital Markets Says

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VSE (VSEC) management sees robust fundamentals and believes rising fuel prices and the Middle East conflict won't impact its near-term outlook, RBC Capital Markets said in a Wednesday research report.

The company views its considerable exposure to the business jet and general aviation sector as a positive, according to the note.

The business mix of 48% BJGA and greater skew to the maintenance, repair, and overhaul segment, as well as 50% engine places the company in a relatively good position, given the macroeconomic risks, the analysts said.

Investors are increasingly expecting cost synergies from the Precision Aviation acquisition of $20 million to $30 million, compared with the company's $15 million guidance, according to RBC.

RBC it reiterated its outperform rating on the stock and price target of $240 per share.

Price: $179.80, Change: $+6.62, Percent Change: +3.82%

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